Analysts Review On Regions Financial Corp (NYSE:RF)

The shares of Regions Financial Corp (NYSE:RF)currently has mean rating of 2.3 while 7 analyst have recommended the shares as ‘BUY’ ,8 recommended as ‘OUTPERFORM’ and 15 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Regions Financial Corp (NYSE:RF)is at $10.23 while the highest price target suggested by the analysts is $12.00 and low price target is $9.00. The mean price target is calculated keeping in view the consensus of 29 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.37B by 21 analysts. The means estimate of sales for the year ending Dec 16 is 5.53B by 24 analysts.

The average estimate of EPS for the current fiscal quarter for Regions Financial Corp (NYSE:RF)stands at $0.21 while the EPS for the current year is fixed at $0.84 by 30.00 analysts

The next one year’s EPS estimate is set at 0.93 by 31.00 analysts while a year ago the analysts suggested the company’s EPS at $0.84. The analysts also projected the company’s long-term growth at 7.08% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Regions Financial Corp (NYSE:RF)reported earnings of $0.20. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 5.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Regions Financial Corp (NYSE:RF) traded up +2.96% during trading on Friday, hitting $9.43 . The stock had a trading volume of 8.5 M shares. The firm has a 50 day moving average of $9.42 and a 200-day moving average of $8.70. The stock has a market cap of $11.89B and a price-to-earnings ratio of 11.86. On Jul 23, 2015 the shares registered one year high at $10.87 and the one year low was seen on Feb 11, 2016.

On June 23, 2016 Regions Financial Corp (NYSE:RF) disclosed the results of its company-administered Dodd-Frank Act Stress Test (DFAST) in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

DFAST is a forward-looking exercise conducted by the Federal Reserve and large financial companies supervised by the Federal Reserve. The exercise helps assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic and financial market conditions over a period of nine quarters.

Regions’ company-administered DFAST results are posted on the Investor Relations section of regions.com within the regulatory disclosures area.

About Regions Financial Corporation

Regions Financial Corporation (RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Earnings Estimates Under Review: ArcelorMittal SA (ADR) (NYSE:MT)

The shares of ArcelorMittal SA (ADR) (NYSE:MT)currently has mean rating of 2.2 while 1 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 3 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of ArcelorMittal SA (ADR) (NYSE:MT)is at $6.40 while the highest price target suggested by the analysts is $7.50 and low price target is $5.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 14.25B by 1 analysts. The means estimate of sales for the year ending Dec 16 is 59.30B by 5 analysts.

The average estimate of EPS for the current fiscal quarter for ArcelorMittal SA (ADR) (NYSE:MT)stands at $0.04 while the EPS for the current year is fixed at $0.11 by 1.00 analysts

The next one year’s EPS estimate is set at 0.22 by 6.00 analysts while a year ago the analysts suggested the company’s EPS at $0.11. The analysts also projected the company’s long-term growth at -159.50% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , ArcelorMittal SA (ADR) (NYSE:MT)reported earnings of $-0.10. The posted earnings missed the analyst’s consensus by $-0.04 with the surprise factor of -66.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

ArcelorMittal SA (ADR) (NYSE:MT) traded up +6.32% during trading on Friday, hitting $5.44 . The stock had a trading volume of 17.8 M shares. The firm has a 50 day moving average of $4.95 and a 200-day moving average of $4.46. The stock has a market cap of $9.65B. On Jun 26, 2015 the shares registered one year high at $10.54 and the one year low was seen on Feb 11, 2016.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Brazil; Europe; Africa & Commonwealth of Independent States; and Mining. It produces finished and semi-finished steel products. The company’s products include flat products, such as slabs, plates, hot-and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; and seamless and welded pipes and tubes. It also offers long products, including blooms and billets, bars, wire-rods, structural sections, rails, sheet piles, and wire-products. The company provides its steel products to the automotive, appliance, engineering, construction, energy, and machinery industries. It sells its products in local markets and through a centralized marketing organization in approximately 160 countries. In addition, the company produces mining products, including iron ore lumps, fines, concentrates, and sinter feeds, as well as coking, pulverized coal injection, and thermal coal. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States; and coal mining activities in Kazakhstan and the United States. ArcelorMittal was founded in 1976 and is headquartered in Luxembourg.

Earnings Estimates Under Spotlight: Freeport-McMoRan Inc (NYSE:FCX)

The shares of Freeport-McMoRan Inc (NYSE:FCX)currently has mean rating of 2.9 while 2 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 16 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Freeport-McMoRan Inc (NYSE:FCX)is at $10.91 while the highest price target suggested by the analysts is $15.00 and low price target is $8.00. The mean price target is calculated keeping in view the consensus of 14 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.69B by 8 analysts. The means estimate of sales for the year ending Dec 16 is 16.25B by 16 analysts.

The average estimate of EPS for the current fiscal quarter for Freeport-McMoRan Inc (NYSE:FCX)stands at $-0.03 while the EPS for the current year is fixed at $0.54 by 16.00 analysts

The next one year’s EPS estimate is set at 1.02 by 19.00 analysts while a year ago the analysts suggested the company’s EPS at $0.54. The analysts also projected the company’s long-term growth at -38.43% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Freeport-McMoRan Inc (NYSE:FCX)reported earnings of $-0.16. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 11.10%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Freeport-McMoRan Inc (NYSE:FCX) traded up +2.52% during trading on Friday, hitting $11.93 . The stock had a trading volume of 21.1 M shares. The firm has a 50 day moving average of $11.10 and a 200-day moving average of $8.72. The stock has a market cap of $14.76B. On Jun 26, 2015 the shares registered one year high at $20.06 and the one year low was seen on Jan 20, 2016.

On June 13, 2016 Freeport-McMoRan Inc (NYSE:FCX) announced they have reached an agreement with Freeport-McMoRan Nevada LLC (“Freeport Nevada”) to extend the current Stage 2 of Freeport Nevada’s option to acquire an interest in the Company’s Yerington Copper Project in Nevada for up to two years by Freeport Nevada making option payments totalling $5.75 million. Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. (FCX).

In terms of agreement, Stage 2 of Freeport Nevada’s earn-in option, which commenced in June last year, can be extended for up to four additional periods of six months each by Freeport Nevada making the following payments to SPS: $1.8 million on June 13, 2016; $1.25 million on December 13, 2016; $1.35 million on June 13, 2017; and $1.35 on December 13, 2017. (All amounts are expressed in U.S. dollars).

SPS intends to use the Freeport Nevada’s option payments for property maintenance, G&A and environmental compliance at its Yerington Copper Project. Freeport Nevada will have the right to terminate the agreement at any time with 60 days’ notice.

During the two-year extension period, SPS may propose special exploration programs, including work plans and budgets, to be undertaken with Freeport Nevada’s agreement under an annual drilling program. These programs will be funded by Freeport Nevada, at its discretion, through accelerated option payments. The Stage 2 extension option payments and any accelerated option payments will reduce the payments required for Freeport Nevada to earn its initial 55% interest in SPS.

SPS will continue to initiate and self-fund desktop studies to assess the over-all development potential at Yerington, and surface work including geophysical surveys to better understand the Bear porphyry copper deposit, one of three known copper deposits on the Company’s 51-square mile Yerington land package. Geophysical surveys will also assist in future drill site selection. Freeport Nevada has the option to participate in these studies as part of due diligence.

“We welcome the opportunity to continue working with Freeport Nevada at Yerington and appreciate its confidence and continued support for our efforts,” says Quaterra Chief Executive Officer Thomas Patton. “The ability for the company, under the extension agreement, to propose special exploration programs provides us with a strong incentive to identify compelling drill targets.”

Earnings Estimates Under Spotlight: General Electric Company (NYSE:GE)

The shares of General Electric Company (NYSE:GE)currently has mean rating of 2.2 while 4 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 8 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of General Electric Company (NYSE:GE)is at $32.53 while the highest price target suggested by the analysts is $38.00 and low price target is $27.00. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 30.84B by 9 analysts. The means estimate of sales for the year ending Dec 16 is 124.12B by 10 analysts.

The average estimate of EPS for the current fiscal quarter for General Electric Company (NYSE:GE)stands at $0.46 while the EPS for the current year is fixed at $1.51 by 14.00 analysts

The next one year’s EPS estimate is set at 1.75 by 18.00 analysts while a year ago the analysts suggested the company’s EPS at $1.51. The analysts also projected the company’s long-term growth at 12.72% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , General Electric Company (NYSE:GE)reported earnings of $0.21. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 10.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

General Electric Company (NYSE:GE) traded up +1.33% during trading on Friday, hitting $31.21 . The stock had a trading volume of 40.2 M shares. The firm has a 50 day moving average of $30.15 and a 200-day moving average of $30.04. The stock has a market cap of $286.81B and a price-to-earnings ratio of 42.26. On Mar 31, 2016 the shares registered one year high at $32.05 and the one year low was seen on Aug 24, 2015.

On June 23, 2016 General Electric Company (NYSE:GE) opened its new 210,000 square-foot North American headquarters in Marlborough, Massachusetts. At full capacity in 2017, it will employ more than 500 scientists and professionals in the Boston area focused on accelerating precision medicine across a portfolio including:

  • Manufacturing technologies for cell and immune therapies that are showing the potential to cure some of the world’s toughest diseases, such as cancer
  • Early stage research tools used to develop the next generation of precision medicines
  • Technologies and consumables for manufacturing vaccines, insulin and the rapidly growing new class of drugs known as biologics
  • Leading-edge contrast agents and nuclear medicine tracers that clinicians use to diagnose disease

The new facility at 100 Results Way will be home to 40,000 square feet of laboratories supporting cell and immune therapy research and development, early stage drug development, biomanufacturing, as well as scientific and medical affairs support.

The laboratories will house GE’s ninth global Fast Trak facility, which partners with and trains biotech innovators to discover new drugs, develop manufacturing workflows, and optimize their biomanufacturing processes. In 2017, the site will also include GE’s FlexFactory manufacturing platform, originally designed in Marlborough, MA, and which pioneered end-to-end, flexible, small batch biologic drug manufacturing.

“General Electric’s ongoing investment in Massachusetts is just the latest proof that the Commonwealth is a global leader in life science innovation, from discovery to manufacturing and commercialization,” said Governor Charlie Baker. “With a deep bench of talent and supportive economic environment, we are excited to have GE Healthcare be a part of Central Massachusetts’ growing workforce and look forward to the advances that will benefit the health and wellbeing of our citizens.”

Earnings Estimates Under Spotlight: Transocean LTD (RIG)

The shares of Transocean LTD (NYSE:RIG)currently has mean rating of 3.6 while 1 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 13 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Transocean LTD (NYSE:RIG)is at $8.76 while the highest price target suggested by the analysts is $19.00 and low price target is $2.50. The mean price target is calculated keeping in view the consensus of 30 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 926.06M by 26 analysts. The means estimate of sales for the year ending Dec 16 is 3.94B by 20 analysts.

The average estimate of EPS for the current fiscal quarter for Transocean LTD (NYSE:RIG)stands at $0.00 while the EPS for the current year is fixed at $0.65 by 33.00 analysts

The next one year’s EPS estimate is set at -0.54 by 35.00 analysts while a year ago the analysts suggested the company’s EPS at $0.65. The analysts also projected the company’s long-term growth at -77.40% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Transocean LTD (NYSE:RIG)reported earnings of $0.69. The posted earnings topped the analyst’s consensus by $0.40 with the surprise factor of 137.90%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Transocean LTD (NYSE:RIG) traded up +4.91% during trading on Friday, hitting $12.05 . The stock had a trading volume of 11.1 M shares. The firm has a 50 day moving average of $10.27 and a 200-day moving average of $10.39. The stock has a market cap of $4.37B and a price-to-earnings ratio of 2.87. On Oct 9, 2015 the shares registered one year high at $17.19 and the one year low was seen on Feb 24, 2016.

On May 4, 2016 Transocean LTD (NYSE:RIG) reported net income attributable to controlling interest of $249 million, $0.68 per diluted share, for the three months ended March 31, 2016. First quarter 2016 results included net unfavorable items of $5 million, $0.01 per diluted share, as follows:

  • $4 million, $0.01 per diluted share, in restructuring costs associated with employee severance; and
  • $2 million related to the loss on impairment of the midwater floater Transocean John Shaw, which the company has identified for recycling.
  • These net unfavorable items were partially offset by:
  • $1 million in favorable discrete tax benefits and miscellaneous other items.

After consideration of these net unfavorable items, first quarter 2016 adjusted net income was $254 million, or $0.69 per diluted share.

For the three months ended March 31, 2015, the company reported a net loss attributable to controlling interest of $483 million, or $1.33 per diluted share. The first quarter of 2015 included net unfavorable items of $881 million, $2.43 per diluted share, associated with losses on the impairment of the deepwater floater asset group and other assets classified as held for sale. After consideration of these net unfavorable items, adjusted net income was $398 million, or $1.10 per diluted share.

Contract drilling revenues for the three months ended March 31, 2016, decreased $345 million sequentially to $1.11 billion due primarily to reduced activity associated with stacked and idle rigs, and rig disposals.

Other revenues decreased $165 million sequentially to $230 million. First quarter 2016 included $209 million in early contract termination fees ($133 million, net of expected quarterly contract drilling revenues for the cancelled rigs) primarily associated with the Discoverer Deep Seas and Deepwater Millennium.

Operating and maintenance expense decreased to $665 million, compared with $794 million in the prior quarter. The decrease was due largely to lower activity, cost savings related to the company`s operational and restructuring initiatives, and reduced stacking costs primarily associated with the company`s dynamically positioned floaters offset partially by the reactivation costs of the Henry Goodrich. The quarter also included deferred mobilization cost of $18 million on the GSF Development Driller I that was previously expected in the second quarter of 2016.

Noticeable Stock: Citigroup Inc (NYSE:C)

The shares of Citigroup Inc (NYSE:Ccurrently has mean rating of 1.9 while 14 analyst have recommended the shares as ‘BUY’ ,10 recommended as ‘OUTPERFORM’ and 6 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Citigroup Inc (NYSE:Cis at $55.77 while the highest price target suggested by the analysts is $70.00 and low price target is $44.00. The mean price target is calculated keeping in view the consensus of 26 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 17.85B by 22 analysts. The means estimate of sales for the year ending Dec 16 is 71.01B by 24 analysts.

The average estimate of EPS for the current fiscal quarter for Citigroup Inc (NYSE:Cstands at $1.18 while the EPS for the current year is fixed at $4.72 by 25.00 analysts

The next one year’s EPS estimate is set at 5.45 by 25.00 analysts while a year ago the analysts suggested the company’s EPS at $4.72. The analysts also projected the company’s long-term growth at 4.11% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Citigroup Inc (NYSE:Creported earnings of $1.10. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 6.80%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Citigroup Inc (NYSE:C traded up +4.17% during trading on Friday, hitting $44.50 . The stock had a trading volume of 25.7 M shares. The firm has a 50 day moving average of $44.53 and a 200-day moving average of $44.35. The stock has a market cap of $130.49B and a price-to-earnings ratio of 8.89. On Jul 23, 2015 the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016.

On June 23, 2016 Citigroup Inc (NYSE:C) released certain disclosures required by the rules of the Federal Reserve Board and the Office of the Comptroller of the Currency in connection with the 2016 annual supervisory stress tests. This information may be found on Citi’s web site at www.citigroup.com/citi/investor.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Noticeable Stock: J C Penney Company Inc (NYSE:JCP)

The shares of J C Penney Company Inc (NYSE:JCP)currently has mean rating of 2.6 while 9 analyst have recommended the shares as ‘BUY’ ,3 recommended as ‘OUTPERFORM’ and 11 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of J C Penney Company Inc (NYSE:JCP)is at $10.84 while the highest price target suggested by the analysts is $19.00 and low price target is $5.00. The mean price target is calculated keeping in view the consensus of 25 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jul 16 is 2.92B by 21 analysts. The means estimate of sales for the year ending Jan 17 is 12.81B by 23 analysts.

The average estimate of EPS for the current fiscal quarter for J C Penney Company Inc (NYSE:JCP)stands at $-0.15 while the EPS for the current year is fixed at $0.02 by 22.00 analysts

The next one year’s EPS estimate is set at 0.65 by 22.00 analysts while a year ago the analysts suggested the company’s EPS at $0.02. The analysts also projected the company’s long-term growth at -28.00% for the upcoming five years

In its latest quarter ended on 30 Apr 2016 , J C Penney Company Inc (NYSE:JCP)reported earnings of $-0.32. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 15.80%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

J C Penney Company Inc (NYSE:JCP) traded up +1.54% during trading on Friday, hitting $8.86 . The stock had a trading volume of 15.5 M shares. The firm has a 50 day moving average of $8.10 and a 200-day moving average of $8.55. The stock has a market cap of $2.63B. On Mar 8, 2016 the shares registered one year high at $11.99 and the one year low was seen on Jan 20, 2016.

On June 23, 2016 J C Penney Company Inc (NYSE:JCP) announced that its wholly-owned subsidiary, J. C. Penney Corporation, Inc. (“JCP”), has completed the refinancing of its $2.25 billion five-year senior secured term loan credit facility entered into in 2013 with an amended and restated $1.688 billion seven-year senior secured term loan credit facility, and the issuance of its previously announced $500 million of 5.875% Senior Secured Notes due 2023. The amended and restated term loan facility has a lower interest rate than the 2013 facility, representing a 75 basis point reduction and an extended maturity from 2018 to 2023. Proceeds from the amended and restated term loan facility and the senior secured notes offering will be used to repay the entire outstanding principal balance of the 2013 facility.  The amended and restated term loan facility and the senior secured notes are guaranteed by the Company and certain subsidiaries of JCP, and are secured by mortgages on certain real estate of JCP and the guarantors.

As a result of this transaction, the Company expects to generate approximately $24 million in annualized interest expense savings. In the second quarter of  fiscal 2016, the Company will record a one-time $34 million non-cash write-off of unamortized debt issuance costs associated with the 2013 facility.

“We were pleased with the strong demand by investors, which allowed us to both lower our interest rate and extend the maturity of our term loan,” said Marvin Ellison, chief executive officer of JCPenney. “We proactively pursued a refinancing due to favorable market conditions and the ability to further enhance our financial flexibility and liquidity position. This reflects the improved performance of our Company and the market`s confidence in the Company`s strategic goal of achieving $1.2 billion in EBITDA by 2017.”

JPMorgan Chase Bank, N.A. was the lead arranger of the amended and restated term loan facility, with Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Goldman Sachs Lending Partners LLC, serving as the other joint arrangers.

Ratings Round Up: Energy Transfer Equity LP (NYSE:ETE)

The shares of Energy Transfer Equity LP (NYSE:ETE)currently has mean rating of 2.4 while 2 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 6 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Energy Transfer Equity LP (NYSE:ETE)is at $13.75 while the highest price target suggested by the analysts is $23.00 and low price target is $7.00. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 9.27B by 5 analysts. The means estimate of sales for the year ending Dec 16 is 39.77B by 5 analysts.

The average estimate of EPS for the current fiscal quarter for Energy Transfer Equity LP (NYSE:ETE)stands at $0.35 while the EPS for the current year is fixed at $1.26 by 6.00 analysts

The next one year’s EPS estimate is set at 1.69 by 8.00 analysts while a year ago the analysts suggested the company’s EPS at $1.26. The analysts also projected the company’s long-term growth at 23.39% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Energy Transfer Equity LP (NYSE:ETE)reported earnings of $0.30. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 3.40%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Energy Transfer Equity LP (NYSE:ETE) traded up +0.00% during trading on Friday, hitting $14.99 . The stock had a trading volume of 12.4 M shares. The firm has a 50 day moving average of $12.98 and a 200-day moving average of $10.20. The stock has a market cap of $14.99B and a price-to-earnings ratio of 12.49. On Jul 13, 2015 the shares registered one year high at $33.06 and the one year low was seen on Feb 8, 2016.

Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. It owns and operates approximately 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,300 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of approximately 35,000 miles of in service natural gas pipelines, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; operation of natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas, as well as a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The company’s natural gas liquid (NGL) transportation and services operations include ownership of approximately 2,000 miles of NGL pipelines, three NGL processing plants, four NGL and propane fractionation facilities, and NGL storage facilities. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil, NGLs, and refined products. In addition, it provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. The company was founded in 2002 and is based in Dallas, Texas.

Ratings Round Up: Visa Inc (NYSE:V)

The shares of Visa Inc (NYSE:Vcurrently has mean rating of 1.9 while 20 analyst have recommended the shares as ‘BUY’ ,9 recommended as ‘OUTPERFORM’ and 7 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Visa Inc (NYSE:Vis at $88.84 while the highest price target suggested by the analysts is $100.00 and low price target is $76.00. The mean price target is calculated keeping in view the consensus of 31 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.67B by 28 analysts. The means estimate of sales for the year ending Sep 16 is 15.29B by 16 analysts.

The average estimate of EPS for the current fiscal quarter for Visa Inc (NYSE:Vstands at $0.67 while the EPS for the current year is fixed at $2.78 by 32.00 analysts

The next one year’s EPS estimate is set at 3.28 by 17.00 analysts while a year ago the analysts suggested the company’s EPS at $2.78. The analysts also projected the company’s long-term growth at 15.81% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Visa Inc (NYSE:Vreported earnings of $0.68. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 1.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Visa Inc (NYSE:V traded up +2.22% during trading on Friday, hitting $78.24 . The stock had a trading volume of 13.6 M shares. The firm has a 50 day moving average of $78.50 and a 200-day moving average of $75.90. The stock has a market cap of $186.60B and a price-to-earnings ratio of 27.27. On Apr 19, 2016 the shares registered one year high at $81.73 and the one year low was seen on Aug 24, 2015.

On June 21, 2016 Visa Inc (NYSE:V) announced the completion of its acquisition of Visa Europe Ltd.

The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, 40 million merchant outlets, and 3.0 billion Visa cards worldwide. Visa–branded cards and payment products enable approximately $6.8 trillion in global payments volume annually.

In addition, Visa Inc.’s Board of Directors (the “Board”) announced that it appointed Gary A. Hoffman, CEO of Hastings Group, as a Board member of Visa Inc. He is currently a director and Chairman of Visa Europe Limited. This brings the Board to twelve members.

Mr. Hoffman has been the Chief Executive Officer of Hastings Group, a UK insurance provider, since November 2012. Prior to this role, Mr. Hoffman was Chief Executive Officer of NBNK Investments, an investment vehicle formed in August 2010 to establish personal and business retail banking in the UK, from 2011 to 2012. He also served as Chief Executive Officer of Northern Rock PLC, from 2008 to 2010 and Vice Chairman of Barclays PLC, from 2006 to 2008. Prior to that, he served in various other roles at Barclays Group, including Chairman of UK Banking and Barclaycard at Barclays PLC and Chief Executive Officer of Barclaycard.

“I am pleased to welcome Gary to the Board of Directors,” said Charlie Scharf, CEO of Visa Inc. “Gary’s broad knowledge of the European payments and banking industries brings an important perspective to the Visa Inc. Board and will be invaluable as we build our business in Europe.”

Gary Hoffman said, “It is exciting to be part of the next chapter in the Visa story. Visa Europe has performed strongly as a business and combining with Visa Inc. will provide European clients with greater access to the global scale, additional innovation resources and range of capabilities necessary to continue to offer the best payment services to their customers.”

Stock Earnings Estimates Under Consideration: AT&T Inc. (NYSE:T)

The shares of AT&T Inc. (NYSE:Tcurrently has mean rating of 2.4 while 8 analyst have recommended the shares as ‘BUY’ ,9 recommended as ‘OUTPERFORM’ and 13 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of AT&T Inc. (NYSE:Tis at $39.56 while the highest price target suggested by the analysts is $45.00 and low price target is $26.00. The mean price target is calculated keeping in view the consensus of 27 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 40.75B by 20 analysts. The means estimate of sales for the year ending Dec 16 is 165.12B by 26 analysts.

The average estimate of EPS for the current fiscal quarter for AT&T Inc. (NYSE:Tstands at $0.72 while the EPS for the current year is fixed at $2.86 by 23.00 analysts

The next one year’s EPS estimate is set at 3.02 by 29.00 analysts while a year ago the analysts suggested the company’s EPS at $2.86. The analysts also projected the company’s long-term growth at 8.18% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , AT&T Inc. (NYSE:Treported earnings of $0.72. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 4.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

AT&T Inc. (NYSE:T traded up +1.40% during trading on Friday, hitting $41.89 . The stock had a trading volume of 19.0 M shares. The firm has a 50 day moving average of $39.44 and a 200-day moving average of $37.37. The stock has a market cap of $257.81B and a price-to-earnings ratio of 17.75. On Jun 23, 2016 the shares registered one year high at $41.89 and the one year low was seen on Aug 24, 2015.

On June 21, 2016 AT&T Inc. (NYSE:T) announced that the company’s second-quarter 2016 results will be released after the New York Stock Exchange closes on Thursday, July 21, 2016. At 4:30 p.m. ET the same day, AT&T will host a conference call to discuss the results. The company’s earnings release, Investor Briefing and related materials will be available at AT&T Investor Relations.

The company will broadcast a live webcast of the call at AT&T Investor Relations, and the webcast replay will be available for replay at the same address.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.